Here’s how GMX was hacked, and the price of its native cryptocurrency rallied 10% after the hacker returned the stolen funds.

The GMX hacker started returning ETH and other tokens. The hacker swapped $32M in tokens into ETH, making over $3M in net ...

Attackers earlier this week exploited a re-entrancy flaw in the OrderBook contract, allowing the attacker to manipulate short ...

The Frax community has voted to pass FIP-418 to use BlackRock's United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin ...

On September 21, 2023, Frax Outsourcing, a subsidiary of TheKey, LLC (“Frax”), filed a notice of data breach with the Attorney General of California after determining that it was the recent ...

Frax Finance is considering a proposal by Securitize Markets to integrate BlackRock's BUIDL token as collateral for its upcoming Frax USD stablecoin.

Decentralized finance (DeFi) protocol Frax Finance released a singularity roadmap on Friday to boost the total dollar value of crypto assets locked in its layer 2 blockchain Fraxtal to $100 ...

The Frax Protocol represents the world's first fractional-algorithmic stablecoin system. FRAX, its stablecoin, is partially backed by collateral and partially stabilized algorithmically, aiming to ...

The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element.

FRAX Finance also holds a small portion of cash/cash equivalents with a public benefit corporation, FinResPBC. We also see FRAX as having significant dependencies on smart contracts and oracles.